The New York AG's lawsuit against Time Warner Cable (now a division of Charter) lays out a damning set of accusations of fradulent conduct, including "f sky-high prices, chronic service outages, bait-and-switch plan offerings, lower-than-advertised internet speeds and other indignities."
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Seattle's KIRO TV made undercover visits to Office Depot stores in Washington state and Oregon and asked the technicians working in the store's "PC Health Check" to evaluate a working, uninfected PC; four out of six times, Office Depot technicians diagnosed nonexistent virus activity and prescribed $200 worth of service to get rid of it.
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Following from Wells Fargo's 2,000,000-account fraud against its own customers -- part of a decade-old pattern -- the state of California has imposed sanctions on the bank, freezing it out of bond issues, brokerage business, and suspending all investment in Wells Fargo-issued securities.
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When Wells Fargo fired 5,300 employees for opening 2,000,000 accounts in its customers name (stealing their cash and trashing their credit scores in the process), it wanted us all to know that it had cleaned house, because this was just 5,300 people who, without any help from senior management, all happened to coincidentally engage in the same fraud.
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Normally, companies that give "performance pay" to their execs can only write off the first $1M: but when Wells Fargo gave $125M to Carrie Tolstedt (shown above receiving American Banker's 2010 award for being "the most powerful woman in banking") as she "retired" after overseeing a 5-year period in which Wells Fargo's top brass were aware that their employees were opening 2 million fake accounts in their customers' names, Wells structured the payment as a "bonus," meaning that the company took a $78 million off its taxes, pocketing $27m in savings.
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Carrie Tolstedt is the Wells Fargo executive who presided over a titanic, multi-year fraud through which at least 5,300 of the employees who reported to her opened up fake accounts in Wells' customers' names, racking up fees and fines, trashing the customers' credit ratings, and, incidentally, pulling in record revenues for Tolstedt's department, which Wells' management recognized by giving her a $125M parting gift when she left the company at the end of July, just weeks before the scandal broke.
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The Donald J Trump Foundation raised a lot of other peoples' money and spent it on things that benefited Trump, while allowing the Republican presidential candidate to falsely claim to have made enormous, public spirited donations.
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Last month, I filed comments with the Federal Trade Commission on behalf of Electronic Frontier Foundation, 22 of EFF's supporters, and a diverse coalition of rightsholders, public interest groups, and retailers, documenting the ways that ordinary Americans come to harm when they buy products without realizing that these goods have been encumbered with DRM, and asking the FTC to investigate fair labeling for products that come with sneaky technological shackles.
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Wells Fargo has been widely criticized for its predatory, deceptive practice of targeting black mortgage borrowers with subprime mortgages (whose teaser rates ballooned into unsustainable long-term rates after a few years), rather than offering those borrowers much cheaper and better mortgages that would not have led to widespread bankruptcy, foreclosure, and the destruction of hardworking families' live savings.
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The March 29 edition of Airbnb's terms of service requires that people who rent out their homes acknowledge that despite the company's widely advertised Host Protection Insurance program, "you understand and agree that Airbnb does not act as an insurer."
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In What We Buy When We "Buy Now", a paper forthcoming in The University of Pennsylvania Law Review, respected copyright scholars Aaron Perzanowski and Chris Jay Hoofnagle report on an experiment they set up to test what people clicking the "buy now" button on stores selling digital things (ebooks, games, music, videos, etc) think they get for their money -- it's not what they think.
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Lax enforcement from the SEC has allowed the biggest companies in America -- 90 percent of the companies in the S&P 500, led by the faltering energy sector -- to ignore the "Generally Accepted Accounting Principles" (GAAP) in presenting their financial information to investors, manufacturing nonexistent profits in quarters where they suffer punishing losses.
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The UK Intellectual Property Office has sent an official notice to Britons warning them that they don't have to pay the copyright trolls who send them threatening letters accusing them of copyright infringement.
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Revolv is a home automation hub that Google acquired 17 months ago; yesterday, Google announced that as of May 15, it will killswitch all the Revolvs in the field and render them inert. Section 1201 of the DMCA -- the law that prohibits breaking DRM -- means that anyone who tries to make a third-party OS for Revolv faces felony charges and up to 5 years in prison.
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